The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Apache Corp. COM 037411105 3,158 50,396 SH   SOLE   50,396 0 0
Baker Hughes Inc. COM 057224107 4,078 72,730 SH   SOLE   72,730 0 0
California Resources Corp ADDED 13057Q107 79 14,394 SH   SOLE   14,394 0 0
Cameron International Corp. COM 13342B105 1,265 25,325 SH   SOLE   25,325 0 0
ChevronTexaco Corp. COM 166764100 9,552 85,147 SH   SOLE   85,147 0 0
Cobalt International Energy Inc. COM 19075F106 751 84,425 SH   SOLE   84,425 0 0
ConocoPhillips COM 20825C104 7,151 103,541 SH   SOLE   103,541 0 0
Eog Resources COM 26875P101 4,474 48,590 SH   SOLE   48,590 0 0
Exxon Mobil Corp. COM 30231G102 7,263 78,561 SH   SOLE   78,561 0 0
Halliburton Co. COM 406216101 4,252 108,115 SH   SOLE   108,115 0 0
Nabors Industries SHS G6359F103 1,562 120,350 SH   SOLE   120,350 0 0
Occidental Petroluem Corp. COM 674599105 3,151 39,085 SH   SOLE   39,085 0 0
Schlumberger Ltd. COM 806857108 316 3,700 SH   SOLE   3,700 0 0
Valero Energy COM 91913Y100 3,548 71,682 SH   SOLE   71,682 0 0
Dow Chemical Co. COM 260543103 3,927 86,100 SH   SOLE   86,100 0 0
Du Pont (EI) De Nemours COM 263534109 8,233 111,347 SH   SOLE   111,347 0 0
Praxair Inc. COM 74005P104 4,947 38,185 SH   SOLE   38,185 0 0
Allegion Plc ORD SHS ADDED G0176J109 2,321 41,848 SH   SOLE   41,848 0 0
Boeing Company COM 097023105 6,041 46,474 SH   SOLE   46,474 0 0
Caterpillar Inc. COM 149123101 3,796 41,478 SH   SOLE   41,478 0 0
Cummins Engine Company Inc. COM 231021106 7,165 49,700 SH   SOLE   49,700 0 0
Deere & Co. COM 244199105 205 2,315 SH   SOLE   2,315 0 0
General Electric COM 369604103 12,976 513,499 SH   SOLE   513,499 0 0
Honeywell International COM 438516106 5,246 52,497 SH   SOLE   52,497 0 0
Lockheed Martin Inc. COM 539830109 9,709 50,417 SH   SOLE   50,417 0 0
Raytheon Company COM NEW 755111507 3,954 36,550 SH   SOLE   36,550 0 0
Costamare Inc SHS Y1771G102 2,184 123,993 SH   SOLE   123,993 0 0
Safe Bulkers Inc. COM Y7388L103 202 51,575 SH   SOLE   51,575 0 0
United Parcel Service Class B CL B 911312106 8,166 73,454 SH   SOLE   73,454 0 0
Borg Warner Inc COM 099724106 3,000 54,600 SH   SOLE   54,600 0 0
D R Horton Inc COM 23331A109 1,547 61,164 SH   SOLE   61,164 0 0
Michael Kors Holdings Ltd. SHS G60754101 1,502 20,000 SH   SOLE   20,000 0 0
Nike Inc. CL B 654106103 5,108 53,125 SH   SOLE   53,125 0 0
McDonald's Corp. COM 580135101 7,154 76,355 SH   SOLE   76,355 0 0
Starbucks Corp. COM 855244109 4,152 50,601 SH   SOLE   50,601 0 0
Comcast Corp. Special Class A CL A 20030N200 4,277 74,300 SH   SOLE   74,300 0 0
Time Warner Cable Inc COM 88732J207 9,211 60,574 SH   SOLE   60,574 0 0
Twenty-First Century Fox Inc CL A 90130A101 4,632 120,625 SH   SOLE   120,625 0 0
Walt Disney Co. COM 254687106 12,665 134,466 SH   SOLE   134,466 0 0
Home Depot COM 437076102 12,486 118,951 SH   SOLE   118,951 0 0
L Brands Inc COM 501797104 4,265 49,280 SH   SOLE   49,280 0 0
Macy's Inc. COM 55616P104 5,150 78,325 SH   SOLE   78,325 0 0
Costco Wholesale Inc. COM 22160K105 3,870 27,300 SH   SOLE   27,300 0 0
CVS Health Corp COM 126650100 10,130 105,185 SH   SOLE   105,185 0 0
Walgreens Boots Alliance Inc ADDED 931427108 9,480 124,410 SH   SOLE   124,410 0 0
Altria Group Inc. COM 02209S103 9,796 198,819 SH   SOLE   198,819 0 0
Coca Cola Co. COM 191216100 7,108 168,349 SH   SOLE   168,349 0 0
Hershey Foods Corp. COM 427866108 2,282 21,960 SH   SOLE   21,960 0 0
PepsiCo Inc. COM 713448108 10,852 114,767 SH   SOLE   114,767 0 0
Colgate Palmolive Co. COM 194162103 3,961 57,249 SH   SOLE   57,249 0 0
Estee Lauder Companies Class A CL A 518439104 3,105 40,750 SH   SOLE   40,750 0 0
Cerner Corp COM 156782104 938 14,505 SH   SOLE   14,505 0 0
HCA Holdings Inc COM 40412C101 2,275 31,000 SH   SOLE   31,000 0 0
McKesson HBOC Inc. COM 58155Q103 3,212 15,475 SH   SOLE   15,475 0 0
Medtronic Inc. OLD COM 585055106 8,603 119,156 SH   SOLE   119,156 0 0
United Health Group Inc. COM 91324P102 5,717 56,550 SH   SOLE   56,550 0 0
Allergan Inc. COM 018490102 4,469 21,024 SH   SOLE   21,024 0 0
Amgen Inc. COM 031162100 6,050 37,980 SH   SOLE   37,980 0 0
Biogen Idec Inc. COM 09062X103 253 745 SH   SOLE   745 0 0
Bristol-Myers Squibb COM 110122108 6,450 109,264 SH   SOLE   109,264 0 0
Celgene Corp COM 151020104 5,985 53,505 SH   SOLE   53,505 0 0
Gilead Sciences Inc. COM 375558103 6,709 71,180 SH   SOLE   71,180 0 0
Johnson & Johnson COM 478160104 13,515 129,244 SH   SOLE   129,244 0 0
Medivation COM 58501N101 1,123 11,275 SH   SOLE   11,275 0 0
Merck & Co. Inc. COM 58933Y105 9,871 173,815 SH   SOLE   173,815 0 0
Pfizer Inc. COM 717081103 11,768 377,784 SH   SOLE   377,784 0 0
Regeneron Pharmaceut COM 75886F107 2,041 4,975 SH   SOLE   4,975 0 0
Bank of America Corp. COM 060505104 8,035 449,123 SH   SOLE   449,123 0 0
Citigroup Inc. COM NEW 172967424 7,339 135,637 SH   SOLE   135,637 0 0
JP Morgan Chase & Company COM 46625H100 15,694 250,789 SH   SOLE   250,789 0 0
Wells Fargo & Company COM 949746101 9,495 173,199 SH   SOLE   173,199 0 0
American Express Co. COM 025816109 5,358 57,593 SH   SOLE   57,593 0 0
Berkshire Hathaway Inc. Class B CL B NEW 084670702 1,366 9,100 SH   SOLE   9,100 0 0
Blackrock Inc COM 09247X101 5,465 15,284 SH   SOLE   15,284 0 0
Morgan Stanley COM NEW 617446448 4,426 114,062 SH   SOLE   114,062 0 0
State Street Corp. COM 857477103 212 2,704 SH   SOLE   2,704 0 0
Allstate Corp. COM 020002101 4,639 66,035 SH   SOLE   66,035 0 0
American International Group COM NEW 026874784 5,912 105,550 SH   SOLE   105,550 0 0
Chubb Corp. COM 171232101 5,732 55,400 SH   SOLE   55,400 0 0
Marsh & McLennan COM 571748102 4,189 73,175 SH   SOLE   73,175 0 0
MetLife Inc. COM 59156R108 6,772 125,190 SH   SOLE   125,190 0 0
Prudential Financial Inc. COM 744320102 8,637 95,477 SH   SOLE   95,477 0 0
The Travelers Companies Inc. COM 89417E109 4,319 40,800 SH   SOLE   40,800 0 0
Unum Group COM 91529Y106 3,316 95,083 SH   SOLE   95,083 0 0
Adobe Systems Inc. COM 00724F101 2,269 31,210 SH   SOLE   31,210 0 0
Citrix Systems COM 177376100 1,426 22,353 SH   SOLE   22,353 0 0
Facebook Inc. CL A 30303M102 5,653 72,450 SH   SOLE   72,450 0 0
Google Inc. CL A 38259P508 2,653 5,000 SH   SOLE   5,000 0 0
Google Inc. C-Shares ADDED 38259P706 7,098 13,484 SH   SOLE   13,484 0 0
International Business Machines COM 459200101 1,598 9,960 SH   SOLE   9,960 0 0
Microsoft Corp. COM 594918104 17,720 381,476 SH   SOLE   381,476 0 0
Oracle Corp. COM 68389X105 7,196 160,009 SH   SOLE   160,009 0 0
Visa Inc-Class A CL A 92826C839 5,966 22,755 SH   SOLE   22,755 0 0
Apple Computer Inc. COM 037833100 26,052 236,022 SH   SOLE   236,022 0 0
Cisco Systems COM 17275R102 11,587 416,495 SH   SOLE   416,495 0 0
Hewlett-Packard COM 428236103 4,860 121,100 SH   SOLE   121,100 0 0
Qualcomm Inc. COM 747525103 8,892 119,627 SH   SOLE   119,627 0 0
Sandisk Corp COM 80004C101 3,148 32,125 SH   SOLE   32,125 0 0
Intel Corp. COM 458140100 12,434 342,638 SH   SOLE   342,638 0 0
Micron Technology Inc. COM 595112103 1,990 56,850 SH   SOLE   56,850 0 0
AT&T Inc. COM 00206R102 6,320 188,155 SH   SOLE   188,155 0 0
T-Mobile US Inc. COM 872590104 1,398 51,875 SH   SOLE   51,875 0 0
Verizon Communications COM 92343V104 6,091 130,199 SH   SOLE   130,199 0 0
Dominion Resources Inc. COM 25746U109 3,247 42,224 SH   SOLE   42,224 0 0
NextEra Energy Inc. COM 65339F101 7,536 70,905 SH   SOLE   70,905 0 0
PG&E Corp. COM 69331C108 3,405 63,948 SH   SOLE   63,948 0 0
Wisconsin Energy Corp COM 976657106 1,796 34,050 SH   SOLE   34,050 0 0